Terry Dooley

Terry Dooley /
Terry is an integral part of the Shazam team, bringing more than 20 years of financial and electronic funds transfer industry experience and expertise that keeps Shazam at the forefront of EFT technology. He leads all IT strategy and development. www

The National Retail Federation recently told the Senate Commerce Committee that it’s past time to revamp the fraud-prone payment card system through the use of personal identification number authentication. During a recent Senate hearing on data breaches, Mallory Duncan, NRF...

New research indicates many consumers have altered their shopping behavior as a result of recent far-reaching retail data breaches. Specifically, data analytics company Feedzai's "2014 Consumer Reaction to Financial Data Breaches Study" found that 22 percent of shoppers who were...

With global tourism on the rise and the payments industry working to generate additional revenue (as well as added customer value at ATMs and the point of sale), the financial and retail industries are becoming increasingly interested in dynamic currency...

Consumer use of alternative, convenient, self-service and ATM channels is on the rise. A recent Mercator Advisory Group study found that while consumers continue to prefer using their financial institution’s teller line to deposit checks, this trend is beginning to...

Today, ATMs are so much more than cash withdrawal machines. The most sophisticated units are now full-service banking channels, offering significant potential for enhanced service delivery.
ATMs are also an underused marketing channel.

Researchers recently interviewed merchant and financial institution executives to uncover their concerns regarding the ever-evolving payments arena. Mobile payments surfaced as a top emerging payment option about which many FI executives are experiencing some trepidation. They cited worries regarding the...

Economic consulting firm, Global Economics Group, recently released the results of a study exploring the impact of the Durbin Amendment on consumers, retailers, and financial institutions. According to the study, consumers have lost between $22 billion and $25 billion as...

A recent FIS study reiterates three key points regarding consumers and real-time payments.
First, a significant portion of the population is showing an interest in using real-time payments. Second, consumers expect those payments to be mobile, immediate, and convenient.

Shifts in both consumer and lender behavior have set off several trends in the credit card marketplace. American consumers are paying down credit card debt, paying less to use credit cards, and making fewer purchases on credit, according to a...

Federal Reserve Bank of Cleveland President Sandra Pianalto recently said that the central bank, which handles more than $3 trillion daily to pay for goods, services and financial instruments, is working to improve the speed and security of the United...

Federal Reserve Bank of Cleveland President Sandra Pianalto recently said the central bank, which handles more than "$3 trillion a day to pay for goods, services and financial instruments," is working to improve the speed and security of the U.S. payments system.
According to Pianalto, the U.S.

The mobile payments industry has continued to gain traction in the past 12 months, according to the recently released "2014 Mobile Payments State of the Industry" report.
Smartphone use is nearly ubiquitous among American shoppers, the report said. More than 90 percent of consumers currently use smartphones compared to 66 percent in 2012.

New data from consulting firm Retail Banking Research projects that the installed base of global ATMs will grow by 44 percent between 2012 and 2018. The "Global ATM Market and Forecasts to 2018" report predicts that the number of ATMs...